The Consumer Expenditure Survey collects information from households and families on their buying habits (expenditures), income, and household characteristics. The survey data are collected on an ongoing basis by the U.S. Census Bureau for the Bureau of Labor Statistics. This nationwide
More information...

The SCF is conducted every three years to provide detailed information on the finances of U.S. families (households). The study is sponsored by the Federal Reserve Board in cooperation with the Department of the Treasury and is widely used by the Federal Reserve, other branches of the U.S.
More information...

SIPP provides comprehensive information about income and labor force participation for individuals and households in the United States, and the extent and principal determinants of their participation in government transfer payment and supplemental income programs. SIPP offers detailed information
More information...

Abstract: American women tend to be less financially literate than men, which is consistent with a household division of labor in which men manage finances. However, women also tend to outlive their husbands, so they will eventually need to take over this task. Using a new survey of older couples,
More information...

Household financial planning can be challenging and household members often lack basic financial literacy skills. This paper discusses the potential and pitfalls of one approach to solving these problems—the development and dissemination of financial guidelines simple enough to be explained in
More information...

We present new experimental evidence on heterogeneity in the formation of inflation expectations and relate the variation to economic literacy and demographics. The experimental design allows us to investigate two channels through which expectations-formation may vary across individuals: (1) the
More information...

Use of social media has grown exponentially among all ages and groups in recent years and is an important trend for those interested in building financial capacity because close associates are known to be important sources of financial information and social media are being embraced most rapidly
More information...

This report describes several linked empirical studies that examine the activities of public libraries in increasing the financial literacy of their service population. It describes a qualitative field study of librarians’ perceptions of the challenges in offering financial literacy-based
More information...

Using the Wisconsin Longitudinal Study, a sample of Wisconsin high school graduates from the class of 1957, we unpack the relationship between general human capital and late-life financial literacy. In short, we examine the links between cognition and financial literacy. We find that those with
More information...